I absolutely agree with your point when considering bitcoin as a currency / store of value. It's important to realize that bitcoin is two things: - A decentra

I absolutely agree with your point when considering bitcoin as a currency / store of value. It's important to realize that bitcoin is two things: - A decentralized payment network - A store of value Whether it has merit as a store of value has yet to be seen, but bitcoin has already proven itself as an innovative payment network. For this purpose I believe your argument is less important - the underlying invention of the blockchain can now be duplicated in other competing networks (altcoins, sidechains) if bitcoin itself does not prove satisfactory. In future I believe bitcoin governance will look more similar to how the internet is governed today. For now, I think we have established that an unaccountable foundation is not the best structure.